Benzinga | Nov 2, 2020 04:31PM EST

Skyworks Solutions: Q4 Earnings Insights

Shares of Skyworks Solutions (NASDAQ:SWKS) moved lower by 1.5% in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 21.71% year over year to $1.85, which beat the estimate of $1.52.

Revenue of $956,800,000 up by 15.64% year over year, which beat the estimate of $842,370,000.

Outlook

Skyworks Sees Q1 Adj. EPS Of $2.06 At Midpoint vs $1.80 Est., Sales $1.04B-$1.07B vs $935.44M Est.

Conference Call Details

Date: Nov 02, 2020

Time: 04:30 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/zasm3oya

Technicals

52-week high: $158.61

Company's 52-week low was at $67.90

Price action over last quarter: Up 11.16%

Company Profile

Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles.